LO STUDIO LE CONVENZIONI GLI INCENTIVI GLI APPROFONDIMENTI
LE CIRCOLARI FORUM LE NEWSLETTER I CONGRESSI LE RIVISTE FORUM

 

MEDIOCREDITO CENTRALE AND SIMEST

O pening a permanent establishment in Italy nowadays allows companies to take advantage of numerous tax benefits as well as financial support made available by MEDIOCREDITO CENTRALE, which plays the role of promoter and financing partner in new business initiatives. SIMEST, on the other hand, plays a similar role in those cases in which it is desired to operate in countries outside the European Union in the form of joint ventures.

MEDIOCREDITO CENTRALE is a financial institution which operates by agreement with and on behalf of the Italian Government. In particular, it grants loans that in certain cases can cover the total investment, or bear low interest rates. It also offers assistance and financial advice to companies which, by interacting with the national and international banking system, permits a rapid development of investment programmes. In this context, MEDIOCREDITO CENTRALE may provide the venture capital to finance new initiatives, such as investment on innovative technologies and on environmental protection technologies carried out by small and medium enterprises, in collaboration with banks operating in the field of industrial loans either through co-funding operations or through re-funding operations under facilitated market conditions. Furthermore, MEDIOCREDITO CENTRALE provides other types of financial support, such as loans which allow participation in profit sharing, etc., depending on the needs of the specific company.

SIMEST aims at giving support to Italian companies investing in those countries and fields where greater development opportunities have been identified. Its activity is focused on promotion and financing of new companies' initiatives and the industrial and commercial cooperation by Italian companies with other parties. If necessary, SIMEST participates in the company's share capital up to a maximum of 15 %. To this end, SIMEST coordinates the company's operations and its own activities with other international bodies, other than with MEDIOCREDITO CENTRALE, which grants subsidised loans financing up to 70 % of the programmed investment of those companies in which SIMEST has a participation in the share capital.

MEDIOCREDITO CENTRALE SIMEST
* OFFERS BY AGREEMENT WITH THE ITALIAN GOVERMENT FINANCIAL SUPPORT ACCORDING WITH LAWS
* GIVES FINANCIAL SUPPORT TO EXPORT OF DURABLE GOODS
* DURATION OF LOANS:
- FROM 18 TO 24 MONTHS, MEDIOCREDITO CENTRALE WILL DIRECTLY OPERATE
- BEYOND 24 MONTHS, THE CONSENSUS LAW WILL APPLY
* LOAN REIMBURSEMENT MUST TAKE PLACE WITHIN 12 YEARS
* PARTECIPATES IN THE COMPANY'S SHARE CAPITAL UP TO A MAXIMUM OF 15% FOR A MAXIMUM PERIOD OF 8 YEARS
* GEVES FINANCIAL SUPPORT UP TO 70% OF THE VENTURE CAPITAL AND GRANTS SUBSIDISED LOANS
* PROVIDES FOR GOVERNMENTAL INSURANCE COVER

 

Special export insurance is available from the Agency for Export Credit Insurance (sace) for exports of durable goods as well as for services and works carried out abroad.

Furthermore, SIMEST can provide companies with technical assistance and financial consultancy services related to the planning and establishment of joint ventures or other types of participations in companies.

In addition, SIMEST may partially subscribe for the company's shares in the form of provisions by it of services and technology.